BNY Mellon AMT-Free Municipal Bond Fund (DMUAX)
| Fund Assets | 1.83B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000 |
| Turnover | 16.51% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 2.90% |
| Dividend Growth | 8.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 13.28 |
| YTD Return | 0.67% |
| 1-Year Return | 0.85% |
| 5-Year Return | 1.33% |
| 52-Week Low | 12.63 |
| 52-Week High | 13.58 |
| Beta (5Y) | n/a |
| Holdings | 603 |
| Inception Date | Mar 31, 2003 |
About DMUAX
BNY Mellon AMT-Free Municipal Bond Fund Class A is an open-end mutual fund specializing in municipal bonds. Its primary objective is to deliver a high level of current income that is exempt from federal income tax, including exemption from the federal alternative minimum tax. The fund typically invests at least 80% of its assets in municipal bonds issued by U.S. states, territories, and their various governmental entities, focusing on those rated A or better or their unrated equivalents, with up to 35% allowed in lower-rated or high-yield bonds. Emphasizing credit quality and sector diversification, the fund's portfolio is managed using fundamental credit analysis aimed at identifying undervalued securities and sectors while maintaining a long average maturity, often exceeding ten years. This strategy supports investors seeking tax-advantaged fixed income exposure, making the fund a significant option for individuals looking to preserve capital and generate tax-free income in the municipal bond market.
Performance
DMUAX had a total return of 0.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.12%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
9.37% of assets| Name | Symbol | Weight |
|---|---|---|
| PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25% | PA.PASTRN 5.25 12.01.2048 | 1.28% |
| JEFFERSON CNTY ALA SWR REV 5.5% | AL.JEFUTL 5.5 10.01.2053 | 1.25% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5% | TX.TMGUTL 01.01.2054 | 1.11% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25% | KY.KYSPWR 04.01.2054 | 1.00% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 03.01.2050 | 1.00% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.5% | MA.MASDEV 5.5 07.01.2055 | 0.81% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 4% | OH.BUCGEN 4 06.01.2048 | 0.76% |
| MICHIGAN ST TRUNK LINE 4% | MI.MISTRN 4 11.15.2046 | 0.74% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2055 | 0.70% |
| PORT PORTLAND ORE ARPT REV 5.5% | OR.PTPAPT 5.5 07.01.2053 | 0.70% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.0345 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03795 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03675 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03243 | Jun 30, 2025 |
| May 30, 2025 | $0.03531 | May 30, 2025 |
| Apr 30, 2025 | $0.03299 | Apr 30, 2025 |